Warehousing for consumer durables and FMCG is likely to reduce by 25-50 per cent mainly on the back of the implementation of the goods and services tax (GST) regime even as states like Haryana and Assam are set to emerge as new hubs, Crisil said in a recent study.As for warehousing hubs, the five major ones including Mumbai, National Capital Region (NCR), Bengaluru, Hyderabad and Kolkata, will retain their importance being major consumption centres for both consumer durables and FMCG, while Assam and Haryana would emerge as new hubs.According to the rating agency, owing to the implementation of GST, consolidation and tax benefits, warehousing for consumer durables is set to halve, while that for fast-moving consumer goods (FMCG) would fall by 25-30 per cent.

Despite being in central India, it is more than 800 km from major consumption markets such as Mumbai, Delhi (NCR), Bengaluru, Chennai and Kolkata.The rating agency opined Haryana would be preferred as a consolidated hub for consumer durables and FMCG rather than New Delhi or Ghaziabad as the former is one of the highest consumption markets within NCR and is less than 300 km away from other major markets such as Punjab and Delhi, and 350-450 km from Rajasthan, Himachal Pradesh and Uttarakhand."Guwahati will emerge as a hub for FMCG following extension of excise duty benefits in the north-east. Many FMCG companies have expanded their manufacturing facilities in the region because it is centrally located and equidistant to key consumption markets.

Besides, Haryanas central location in NCR, land availability, cheaper land, key consumption market and connectivity with the Golden Quadrilateral make it OEM Car Wheel Hub Assembly the preferred location.Contrary to expectations, Nagpur is unlikely to emerge as major warehouse hub in the near term for consumer durables and FMCG due to GST, because currently it is neither a major consumption market nor a major manufacturing hub.Consequently, the number of warehouses for consumer durables company has could reduce to 10-12 from a typical 25-30 and to 30-35 from 45-50 for FMCG companies. But high land and narrow roads in Guwahati, which often causes traffic, could be an inhibiting factor," Crisil Research Director Binaifer Jehani said. However, the size of warehouses will be become bigger, Crisil said. Earlier, warehouses were there in almost every state within NCR to save on tax.Now, Haryana is likely to emerge as a consolidated hub, rather than New Delhi or Ghaziabad in that region," Crisil Research Senior Director Prasad Koparkar said."NCR is expected to see maximum warehousing consolidation as the distance between states is only 250-300 km, which can be catered to from a consolidated hub.

"Removing barriers to trade is a key way in which the UK can capitalise on the predicted growth in world markets and so I'm China Car Wheel Hub Assembly Company delighted we have come to this new trade partnership with India," said Liam Fox, UK international trade secretary. The UK announced the creation of a UK-India Tech Hub based in the British High Commission in New Delhi. The UK and India will take forward a dialogue under the Joint Working Group on Trade, which will support a shared commitment to the global rules-based system and to the WTO's role in underpinning it. UK exports to India, led by innovative machinery and mechanical appliances, form a large part of this trade basket, increasing significantly by 14. Additionally, the two countries have also agreed to strengthen ties between their respective agriculture industries," the DIT statement said. In the area of regulation of safe nuclear energy use for peaceful purposes, an arrangement has been arrived at between Atomic Energy Regulatory Board of India (AERB) and the Office for Nuclear Regulation of Great Britain (ONR).

"The visit of Prime Minister Modi will see the launch of a package of technical assistance to help India climb further up the rankings for ease of doing business, benefitting UK companies and the Indian economy alike.The new partnership will seek to improve the accessibility of trade for businesses in both countries, as the UK gets ready to leave the European Union (EU)."It is clear that the opportunities for growth in trade with India are plenty, and as an international economic department we will continue to use tools such as trade missions not only to boost UK exports, but also to help businesses of all sizes forge ties and build cultivate relationships with potential buyers and investors," he said. The UK and India announced a mechanism to support Indian investments into the UK.

The British government yesterday announced a new India-UK trade partnership after Prime Minister Modi held talks with his British counterpart Theresa May.The two nations said that this commitment will ensure continued application to the UK of EU-India Agreements during the Implementation Period following the UK's departure from the EU, and put in place arrangements to replicate relevant EU-India agreements beyond this period.9 per cent.London: India will invest more than 1 billion pounds in the UK that will create or safeguard 5,750 British jobs, as part of a new partnership forged during Prime Minister Narendra Modi's visit as the two sides signed a wide range of MoUs, agreements and initiatives across technology, trade and investment.